During the last session, Perella Weinberg Partners (NASDAQ:PWP)’s traded shares were 0.79 million, with the beta value of the company hitting 1.71. At the end of the trading day, the stock’s price was $15.80, reflecting an intraday gain of 1.02% or $0.16. The 52-week high for the PWP share is $27.03, that puts it down -71.08 from that peak though still a striking 26.08% gain since the share price plummeted to a 52-week low of $11.68. The company’s market capitalization is $1.40B, and the average intraday trading volume over the past 10 days was 1.07 million shares, and the average trade volume was 814.20K shares over the past three months.
Perella Weinberg Partners (PWP) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. PWP has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.21.
Perella Weinberg Partners (NASDAQ:PWP) trade information
Perella Weinberg Partners (PWP) registered a 1.02% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.02% in intraday trading to $15.80, hitting a weekly high. The stock’s 5-day price performance is -0.44%, and it has moved by -19.43% in 30 days. Based on these gigs, the overall price performance for the year is 4.29%. The short interest in Perella Weinberg Partners (NASDAQ:PWP) is 2.94 million shares and it means that shorts have 3.75 day(s) to cover.
The consensus price target of analysts on Wall Street is $29, which implies an increase of 45.52% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $29 and $29 respectively. As a result, PWP is trading at a discount of -83.54% off the target high and -83.54% off the low.
Perella Weinberg Partners (PWP) estimates and forecasts
In the rating firms’ projections, revenue will increase 7.93% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 205.52M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 208.15M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 102.13M and 272M respectively. In this case, analysts expect current quarter sales to grow by 101.24% and then drop by -23.47% in the coming quarter.
PWP Dividends
Perella Weinberg Partners is due to release its next quarterly earnings on 2025-Feb-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Perella Weinberg Partners is 0.28, with the dividend yield indicating at 1.77 percent, continuing the trend of increasing dividends in recent years.
Perella Weinberg Partners (NASDAQ:PWP)’s Major holders
Perella Weinberg Partners insiders own 2.78% of total outstanding shares while institutional holders control 85.87%, with the float percentage being 88.32%. FMR LLC is the largest shareholder of the company, while 244.0 institutions own stock in it. As of 2024-06-30, the company held over 7.88 million shares (or 14.4435% of all shares), a total value of $128.13 million in shares.
The next largest institutional holding, with 3.87 million shares, is of BLACKROCK INC.’s that is approximately 7.0909% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $62.9 million.
Also, the Mutual Funds coming in first place with the largest holdings of Perella Weinberg Partners (PWP) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF. Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 1.65 shares. This amounts to just over 2.66 percent of the company’s overall shares, with a $26.09 million market value. The same data shows that the other fund manager holds slightly less at 1.41, or about 2.27% of the stock, which is worth about $22.3 million.
